Younger Partners Brokers 58-Acre Land Sale In Fort Worth To Industrial Reserve
5921 South Freeway
Building Size
—
Asset Type
Land
Closing
Feb 22, 2024
AI
A 58-acre site near Interstates 20 and 35W in southwest Fort Worth has been sold for future development. The property is strategically located near major employers like Alcon Laboratories and Miller Coors, making it an appealing investment opportunity. The sale was brokered by Younger Partners, showcasing the site's potential for growth.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: Not specified
- Address: 5921 South Freeway
- Market: Fort Worth
- Acres: 58
- Buyer's Rep: Justin Toon - Industrial Reserve
- Seller's Rep: Carter Crow & Michael Ytem - Younger Partners
The deal's key individuals involved in the transaction were Justin Toon from Industrial Reserve representing the buyer and Carter Crow & Michael Ytem from Younger Partners representing the seller. With their expertise, the sale of the 58-acre site was successfully facilitated, ensuring a promising future for the property.
Players
Fort Worth Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93